Strong Home Mortgage Rates, Fees & Info

Richmond, VA

LEI: 254900O28OG3UMHXQY81

Tax ID: 82-2650124

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Strong Home Mortgage is a mid-sized mortgage company specializing in Refi and Cash Out Refi loans. Strong Home Mortgage has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Washington, Seattle, Los Angeles, San Francisco, and San Diego among others. We have data for 306 markets. (Some data included below & more in-depth data is available with an active subscription.)

Strong Home Mortgage has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Strong Home Mortgage is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.36% 4/18/24
30 Year Conventional Refi 6.31% 4/18/24
30 Year Cash-out Refi 6.49% 4/18/24
30 Year FHA Purchase 6.77% 4/18/24
30 Year FHA Refi 6.70% 4/18/24
30 Year VA Purchase 5.77% 4/18/24
30 Year VA Refi 5.53% 4/18/24
15 Year Conventional Purchase 6.04% 4/18/24
15 Year Conventional Refi 5.80% 4/18/24
15 Year Cash-out Refi 5.80% 4/18/24
15 Year VA Purchase 5.74% 4/18/24
15 Year VA Refi 5.68% 4/18/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Strong Home Mortgage Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Strong Home Mortgage. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

11,642

Origination Dollar Volume (All Markets)

$4,429,430,000
Show all (150) awards

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1,171 $523,085,000 $446,699 $1,940 2.90%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1,141 $495,835,000 $434,562 $1,827 2.91%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 767 $353,275,000 $460,593 $1,981 2.96%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 460 $231,390,000 $503,022 $1,732 2.89%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 375 $167,105,000 $445,613 $1,757 2.96%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 489 $149,025,000 $304,755 $1,778 3.10%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 455 $148,395,000 $326,143 $2,548 3.04%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 398 $140,140,000 $352,111 $2,293 2.99%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 316 $123,570,000 $391,044 $2,248 2.87%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 328 $121,900,000 $371,646 $1,488 3.01%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 284 $107,750,000 $379,401 $1,610 2.98%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 293 $102,135,000 $348,584 $2,011 3.05%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 197 $100,985,000 $512,614 $1,615 2.83%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 252 $81,000,000 $321,429 $2,483 3.01%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 230 $77,840,000 $338,435 $1,502 3.00%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 191 $73,565,000 $385,157 $1,724 2.93%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 182 $62,880,000 $345,495 $2,570 2.91%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 185 $61,865,000 $334,405 $1,804 2.94%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 175 $57,025,000 $325,857 $2,497 3.04%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 141 $45,595,000 $323,369 $2,092 3.02%
RALEIGH-CARY, NC (FHA|USDA|VA) 125 $43,075,000 $344,600 $1,534 2.93%
SALT LAKE CITY, UT (FHA|USDA|VA) 116 $42,960,000 $370,345 $1,508 3.10%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 90 $40,980,000 $455,333 $1,899 2.98%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 103 $31,695,000 $307,718 $1,576 3.05%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 66 $29,460,000 $446,364 $1,502 2.84%
Outside of Metro Areas 94 $29,130,000 $309,894 $1,896 3.07%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 85 $25,735,000 $302,765 $1,435 3.03%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 78 $25,410,000 $325,769 $1,959 3.02%
FRESNO, CA (FHA|USDA|VA) 71 $23,135,000 $325,845 $1,790 3.02%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 68 $22,950,000 $337,500 $1,949 2.92%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 63 $20,735,000 $329,127 $1,445 2.97%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 52 $19,660,000 $378,077 $2,173 3.14%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 60 $18,750,000 $312,500 $1,732 3.04%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 61 $18,525,000 $303,689 $1,786 3.01%
STOCKTON, CA (FHA|USDA|VA) 52 $18,310,000 $352,115 $1,697 3.07%
PROVO-OREM, UT (FHA|USDA|VA) 58 $17,910,000 $308,793 $1,605 3.16%
MODESTO, CA (FHA|USDA|VA) 57 $17,395,000 $305,175 $2,027 3.12%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 41 $17,315,000 $422,317 $1,438 2.98%
RICHMOND, VA (FHA|USDA|VA) 53 $17,145,000 $323,491 $1,303 3.02%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 56 $17,120,000 $305,714 $1,829 3.08%
TUCSON, AZ (FHA|USDA|VA) 53 $15,935,000 $300,660 $2,217 3.08%
BOISE CITY, ID (FHA|USDA|VA) 53 $15,755,000 $297,264 $2,962 2.94%
ALBUQUERQUE, NM (FHA|USDA|VA) 51 $15,595,000 $305,784 $2,574 3.11%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 43 $14,815,000 $344,535 $1,597 2.91%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 32 $14,640,000 $457,500 $2,644 2.90%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 47 $14,445,000 $307,340 $2,761 2.96%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 44 $14,280,000 $324,545 $2,469 2.94%
VALLEJO, CA (FHA|USDA|VA) 40 $14,160,000 $354,000 $2,135 3.04%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 33 $13,655,000 $413,788 $2,190 2.85%
JACKSONVILLE, FL (FHA|USDA|VA) 41 $13,385,000 $326,463 $1,702 3.10%
COLORADO SPRINGS, CO (FHA|USDA|VA) 35 $12,865,000 $367,571 $2,187 3.05%
BOULDER, CO (FHA|USDA|VA) 31 $12,785,000 $412,419 $1,489 3.01%
SALINAS, CA (FHA|USDA|VA) 27 $12,375,000 $458,333 $1,463 3.07%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 25 $12,155,000 $486,200 $1,498 3.02%
BELLINGHAM, WA (FHA|USDA|VA) 34 $12,150,000 $357,353 $2,552 2.91%
BEND, OR (FHA|USDA|VA) 34 $11,500,000 $338,235 $3,141 3.05%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 35 $11,405,000 $325,857 $1,789 3.13%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 38 $10,990,000 $289,211 $2,214 3.29%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 34 $10,790,000 $317,353 $1,638 3.00%
COLUMBUS, OH (FHA|USDA|VA) 31 $10,525,000 $339,516 $1,655 2.87%
FORT COLLINS, CO (FHA|USDA|VA) 27 $9,615,000 $356,111 $1,661 3.05%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 33 $9,575,000 $290,152 $1,091 3.09%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 25 $9,545,000 $381,800 $2,543 2.95%
BAKERSFIELD, CA (FHA|USDA|VA) 30 $9,400,000 $313,333 $1,635 3.00%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 24 $8,850,000 $368,750 $1,862 3.08%
PITTSBURGH, PA (FHA|USDA|VA) 26 $8,460,000 $325,385 $3,599 3.00%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 22 $8,290,000 $376,818 $2,029 2.91%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 22 $8,220,000 $373,636 $1,380 3.03%
VISALIA, CA (FHA|USDA|VA) 27 $8,155,000 $302,037 $1,615 3.10%
CHICO, CA (FHA|USDA|VA) 23 $7,655,000 $332,826 $1,601 3.02%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 25 $7,415,000 $296,600 $1,681 3.08%
SALEM, OR (FHA|USDA|VA) 24 $7,240,000 $301,667 $2,504 3.11%
Outside of Metro Areas 20 $7,220,000 $361,000 $5,279 2.87%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 23 $7,135,000 $310,217 $1,312 2.93%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 22 $7,000,000 $318,182 $1,794 3.02%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 21 $6,815,000 $324,524 $3,098 3.05%
ST. GEORGE, UT (FHA|USDA|VA) 21 $6,625,000 $315,476 $1,729 2.98%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 19 $6,525,000 $343,421 $1,795 2.84%
GREELEY, CO (FHA|USDA|VA) 18 $6,340,000 $352,222 $2,501 2.99%
Heber, UT (FHA|USDA|VA) 14 $6,200,000 $442,857 $2,203 2.93%
KANSAS CITY, MO-KS (FHA|USDA|VA) 19 $5,935,000 $312,368 $1,042 2.90%
KNOXVILLE, TN (FHA|USDA|VA) 19 $5,745,000 $302,368 $1,331 2.93%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 20 $5,660,000 $283,000 $1,707 3.03%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 18 $5,510,000 $306,111 $2,090 2.86%
WENATCHEE, WA (FHA|USDA|VA) 15 $5,505,000 $367,000 $1,825 3.01%
ANN ARBOR, MI (FHA|USDA|VA) 19 $5,455,000 $287,105 $1,533 3.01%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 19 $5,445,000 $286,579 $2,044 3.17%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 15 $5,345,000 $356,333 $2,569 2.88%
SALISBURY, MD-DE (FHA|USDA|VA) 15 $5,315,000 $354,333 $1,946 2.95%
LOUISVILLE, KY (FHA|USDA|VA) 16 $4,940,000 $308,750 $1,874 2.94%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 15 $4,855,000 $323,667 $1,664 3.15%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 14 $4,500,000 $321,429 $2,716 2.82%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 14 $4,460,000 $318,571 $759 3.06%
WINCHESTER, VA-WV (FHA|USDA|VA) 16 $4,380,000 $273,750 $2,275 3.26%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 14 $4,230,000 $302,143 $1,423 2.99%
REDDING, CA (FHA|USDA|VA) 13 $4,175,000 $321,154 $1,348 3.09%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 11 $4,145,000 $376,818 $2,433 2.85%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 14 $4,090,000 $292,143 $1,779 3.18%
WILMINGTON, NC (FHA|USDA|VA) 15 $4,085,000 $272,333 $1,408 3.13%
MEDFORD, OR (FHA|USDA|VA) 14 $4,070,000 $290,714 $2,793 3.10%
WINSTON-SALEM, NC (FHA|USDA|VA) 14 $4,040,000 $288,571 $1,639 3.02%
Truckee-Grass Valley, CA (FHA|USDA|VA) 10 $3,950,000 $395,000 $2,060 3.15%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 12 $3,870,000 $322,500 $3,252 2.86%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 10 $3,820,000 $382,000 $2,266 3.10%
YAKIMA, WA (FHA|USDA|VA) 12 $3,750,000 $312,500 $1,944 2.99%
Port Angeles, WA (FHA|USDA|VA) 11 $3,585,000 $325,909 $1,458 2.97%
Shelton, WA (FHA|USDA|VA) 11 $3,365,000 $305,909 $1,626 3.01%
Oak Harbor, WA (FHA|USDA|VA) 8 $3,360,000 $420,000 $2,626 3.08%
CORVALLIS, OR (FHA|USDA|VA) 9 $3,015,000 $335,000 $3,631 3.01%
PORT ST. LUCIE, FL (FHA|USDA|VA) 11 $2,945,000 $267,727 $1,816 3.30%
Ellensburg, WA (FHA|USDA|VA) 8 $2,790,000 $348,750 $1,620 3.01%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 12 $2,740,000 $228,333 $1,865 3.08%
FLAGSTAFF, AZ (FHA|USDA|VA) 7 $2,515,000 $359,286 $1,625 3.25%
Eureka-Arcata, CA (FHA|USDA|VA) 8 $2,450,000 $306,250 $2,240 3.22%
COLUMBIA, SC (FHA|USDA|VA) 8 $2,440,000 $305,000 $2,245 3.02%
AKRON, OH (FHA|USDA|VA) 7 $2,435,000 $347,857 $1,359 2.77%
MERCED, CA (FHA|USDA|VA) 10 $2,340,000 $234,000 $2,088 3.11%
MADISON, WI (FHA|USDA|VA) 6 $2,300,000 $383,333 $1,006 2.85%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 6 $2,290,000 $381,667 $2,248 3.06%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 8 $2,280,000 $285,000 $2,666 3.23%
MADERA, CA (FHA|USDA|VA) 7 $2,235,000 $319,286 $2,247 3.25%
SANTA FE, NM (FHA|USDA|VA) 7 $2,155,000 $307,857 $1,956 3.07%
HARRISONBURG, VA (FHA|USDA|VA) 6 $2,150,000 $358,333 $3,167 2.98%
BATON ROUGE, LA (FHA|USDA|VA) 7 $2,045,000 $292,143 $1,622 3.00%
NAPA, CA (FHA|USDA|VA) 4 $2,040,000 $510,000 $1,421 2.97%
TULSA, OK (FHA|USDA|VA) 6 $1,890,000 $315,000 $2,368 2.81%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 7 $1,875,000 $267,857 $1,926 3.11%
OCEAN CITY, NJ (FHA|USDA|VA) 5 $1,865,000 $373,000 $1,690 2.90%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 5 $1,865,000 $373,000 $1,690 2.83%
Breckenridge, CO (FHA|USDA|VA) 4 $1,850,000 $462,500 $880 2.69%
Centralia, WA (FHA|USDA|VA) 6 $1,820,000 $303,333 $2,596 3.17%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 6 $1,820,000 $303,333 $1,642 2.85%
Kill Devil Hills, NC (FHA|USDA|VA) 5 $1,805,000 $361,000 $971 2.85%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 7 $1,735,000 $247,857 $1,896 2.75%
HUNTSVILLE, AL (FHA|USDA|VA) 7 $1,685,000 $240,714 $1,527 3.32%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 5 $1,665,000 $333,000 $3,812 3.18%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 5 $1,615,000 $323,000 $6,132 2.85%
Ukiah, CA (FHA|USDA|VA) 4 $1,610,000 $402,500 $1,515 2.90%
ROANOKE, VA (FHA|USDA|VA) 4 $1,570,000 $392,500 $1,006 2.94%
LANCASTER, PA (FHA|USDA|VA) 6 $1,560,000 $260,000 $2,900 2.85%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 6 $1,560,000 $260,000 $1,098 3.08%
Roseburg, OR (FHA|USDA|VA) 5 $1,525,000 $305,000 $1,912 2.97%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 6 $1,500,000 $250,000 $2,965 3.10%
EL CENTRO, CA (FHA|USDA|VA) 6 $1,490,000 $248,333 $1,475 3.00%
ASHEVILLE, NC (FHA|USDA|VA) 5 $1,475,000 $295,000 $1,192 3.18%
TALLAHASSEE, FL (FHA|USDA|VA) 5 $1,455,000 $291,000 $1,205 3.00%
Pullman, WA (FHA|USDA|VA) 5 $1,445,000 $289,000 $1,056 3.13%
LONGVIEW, WA (FHA|USDA|VA) 5 $1,305,000 $261,000 $946 3.15%
Morehead City, NC (FHA|USDA|VA) 3 $1,275,000 $425,000 $1,172 2.67%
MONTGOMERY, AL (FHA|USDA|VA) 4 $1,260,000 $315,000 $2,293 3.06%
ROCHESTER, MN (FHA|USDA|VA) 4 $1,250,000 $312,500 $1,781 2.97%
SHERMAN-DENISON, TX (FHA|USDA|VA) 3 $1,245,000 $415,000 $8,889 3.00%
Show Low, AZ (FHA|USDA|VA) 5 $1,165,000 $233,000 $1,809 3.33%
TOLEDO, OH (FHA|USDA|VA) 3 $1,165,000 $388,333 $4,155 2.75%
Brainerd, MN (FHA|USDA|VA) 3 $1,145,000 $381,667 $2,293 2.79%
Edwards, CO (FHA|USDA|VA) 2 $1,130,000 $565,000 $1,756 3.00%
SPARTANBURG, SC (FHA|USDA|VA) 4 $1,110,000 $277,500 $1,830 3.12%
PUNTA GORDA, FL (FHA|USDA|VA) 4 $1,070,000 $267,500 $1,623 3.22%
Sonora, CA (FHA|USDA|VA) 4 $1,060,000 $265,000 $730 2.78%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $1,060,000 $530,000 $7,081 2.63%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $1,030,000 $515,000 $1,997 2.50%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 3 $1,025,000 $341,667 $2,289 2.88%
Coos Bay, OR (FHA|USDA|VA) 4 $1,010,000 $252,500 $3,536 3.31%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 3 $1,005,000 $335,000 $1,739 2.83%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 4 $990,000 $247,500 $1,906 3.09%
SPRINGFIELD, MA (FHA|USDA|VA) 3 $985,000 $328,333 $1,770 2.83%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 3 $965,000 $321,667 $848 2.83%
OKLAHOMA CITY, OK (FHA|USDA|VA) 4 $950,000 $237,500 $2,692 3.00%
TWIN FALLS, ID (FHA|USDA|VA) 3 $925,000 $308,333 $4,016 2.67%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 3 $915,000 $305,000 $1,123 3.13%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $890,000 $445,000 $1,247 3.00%
Hood River, OR (FHA|USDA|VA) 3 $875,000 $291,667 $2,908 3.08%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $865,000 $288,333 $2,064 2.88%
Cedar City, UT (FHA|USDA|VA) 4 $860,000 $215,000 $2,218 3.38%
IDAHO FALLS, ID (FHA|USDA|VA) 3 $795,000 $265,000 $1,761 2.88%
YUMA, AZ (FHA|USDA|VA) 3 $795,000 $265,000 $6,888 3.25%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 3 $795,000 $265,000 $2,323 3.04%
BLOOMINGTON, IN (FHA|USDA|VA) 3 $765,000 $255,000 $2,443 2.92%
WORCESTER, MA-CT (FHA|USDA|VA) 2 $760,000 $380,000 $4,762 2.44%
DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $745,000 $248,333 $2,871 2.96%
ALBANY-LEBANON, OR (FHA|USDA|VA) 3 $745,000 $248,333 $4,785 3.29%
Seneca, SC (FHA|USDA|VA) 2 $740,000 $370,000 $1,221 2.44%
YUBA CITY, CA (FHA|USDA|VA) 2 $730,000 $365,000 $851 3.00%
Clearlake, CA (FHA|USDA|VA) 3 $725,000 $241,667 $3,385 3.04%
EL PASO, TX (FHA|USDA|VA) 3 $725,000 $241,667 $1,567 3.08%
GAINESVILLE, FL (FHA|USDA|VA) 2 $710,000 $355,000 $4,437 3.31%
LUBBOCK, TX (FHA|USDA|VA) 2 $700,000 $350,000 $1,598 3.13%
Jackson, WY-ID (FHA|USDA|VA) 1 $685,000 $685,000 $2,458 2.25%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 3 $675,000 $225,000 $1,327 3.21%
LINCOLN, NE (FHA|USDA|VA) 3 $655,000 $218,333 $1,153 3.04%
Key West, FL (FHA|USDA|VA) 2 $640,000 $320,000 $1,022 2.94%
POCATELLO, ID (FHA|USDA|VA) 2 $630,000 $315,000 $5,030 2.56%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 2 $610,000 $305,000 $1,618 2.63%
GRANTS PASS, OR (FHA|USDA|VA) 2 $610,000 $305,000 $2,841 2.87%
PEORIA, IL (FHA|USDA|VA) 2 $600,000 $300,000 $1,668 2.94%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $590,000 $295,000 $1,031 3.13%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $590,000 $295,000 $3,935 3.31%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $590,000 $295,000 $950 2.99%
WALLA WALLA, WA (FHA|USDA|VA) 3 $585,000 $195,000 $3,249 3.67%
THE VILLAGES, FL (FHA|USDA|VA) 2 $570,000 $285,000 $699 2.81%
Faribault-Northfield, MN (FHA|USDA|VA) 2 $560,000 $280,000 $1,151 3.31%
Lebanon, NH-VT (FHA|USDA|VA) 2 $550,000 $275,000 $1,341 3.25%
Roanoke Rapids, NC (FHA|USDA|VA) 2 $550,000 $275,000 $1,578 2.56%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $550,000 $275,000 $3,307 2.94%
ST. CLOUD, MN (FHA|USDA|VA) 2 $540,000 $270,000 $2,797 3.00%
Klamath Falls, OR (FHA|USDA|VA) 2 $530,000 $265,000 $5,866 2.81%
Glenwood Springs, CO (FHA|USDA|VA) 2 $530,000 $265,000 $1,432 2.81%
Astoria, OR (FHA|USDA|VA) 2 $530,000 $265,000 $5,306 3.19%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $530,000 $265,000 $824 3.81%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 3 $525,000 $175,000 $2,316 3.42%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 2 $520,000 $260,000 $2,445 3.31%
READING, PA (FHA|USDA|VA) 2 $520,000 $260,000 $1,220 3.13%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $515,000 $515,000 $754 2.13%
JACKSON, TN (FHA|USDA|VA) 1 $515,000 $515,000 $649 2.63%
Prineville, OR (FHA|USDA|VA) 1 $505,000 $505,000 $4,650 2.75%
FORT WAYNE, IN (FHA|USDA|VA) 1 $505,000 $505,000 $600 2.88%
GREEN BAY, WI (FHA|USDA|VA) 2 $500,000 $250,000 $1,085 3.25%
CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $490,000 $245,000 $2,903 3.00%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $490,000 $245,000 $391 3.25%
Steamboat Springs, CO (FHA|USDA|VA) 1 $485,000 $485,000 $2,005 3.25%
PUEBLO, CO (FHA|USDA|VA) 2 $480,000 $240,000 $3,247 3.69%
Torrington, CT (FHA|USDA|VA) 2 $480,000 $240,000 $3,399 2.63%
YORK-HANOVER, PA (FHA|USDA|VA) 2 $470,000 $235,000 $3,699 3.81%
Sandpoint, ID (FHA|USDA|VA) 1 $445,000 $445,000 $1,687 2.88%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $445,000 $445,000 $4,731 2.75%
BECKLEY, WV (FHA|USDA|VA) 2 $440,000 $220,000 $2,942 3.31%
DULUTH, MN-WI (FHA|USDA|VA) 2 $430,000 $215,000 $1,364 2.93%
NEW BERN, NC (FHA|USDA|VA) 1 $425,000 $425,000 $716 2.63%
Red Bluff, CA (FHA|USDA|VA) 2 $420,000 $210,000 $1,873 3.50%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $420,000 $210,000 $2,486 3.13%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $405,000 $405,000 $2,580 2.50%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $405,000 $405,000 $450 2.88%
Safford, AZ (FHA|USDA|VA) 2 $390,000 $195,000 $2,130 3.69%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $385,000 $385,000 $2,081 2.75%
Keene, NH (FHA|USDA|VA) 1 $385,000 $385,000 $0 2.88%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $385,000 $385,000 $2,994 3.00%
Elizabeth City, NC (FHA|USDA|VA) 1 $385,000 $385,000 $2,090 3.25%
Moscow, ID (FHA|USDA|VA) 1 $375,000 $375,000 $14,014 2.88%
AMARILLO, TX (FHA|USDA|VA) 1 $365,000 $365,000 $669 3.25%
Evanston, WY (FHA|USDA|VA) 1 $355,000 $355,000 $0 2.88%
RACINE, WI (FHA|USDA|VA) 1 $355,000 $355,000 $2,327 2.75%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $355,000 $355,000 $4,019 2.75%
Brenham, TX (FHA|USDA|VA) 1 $355,000 $355,000 $3,487 3.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $355,000 $355,000 $2,828 2.63%
HATTIESBURG, MS (FHA|USDA|VA) 1 $345,000 $345,000 $2,997 2.63%
DeRidder, LA (FHA|USDA|VA) 1 $345,000 $345,000 $1,677 3.13%
Mount Airy, NC (FHA|USDA|VA) 1 $335,000 $335,000 $766 3.25%
Bonham, TX (FHA|USDA|VA) 1 $325,000 $325,000 $4,415 2.63%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $325,000 $325,000 $768 2.75%
Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $325,000 $325,000 $12,955 2.75%
Burley, ID (FHA|USDA|VA) 1 $315,000 $315,000 $3,804 2.88%
Nogales, AZ (FHA|USDA|VA) 1 $315,000 $315,000 $3,639 3.38%
La Grande, OR (FHA|USDA|VA) 1 $305,000 $305,000 $2,652 2.75%
Sunbury, PA (FHA|USDA|VA) 1 $305,000 $305,000 $3,114 2.63%
LOGAN, UT-ID (FHA|USDA|VA) 1 $305,000 $305,000 $3,223 3.38%
Georgetown, SC (FHA|USDA|VA) 1 $295,000 $295,000 $689 2.75%
JACKSON, MI (FHA|USDA|VA) 1 $295,000 $295,000 $253 2.88%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $295,000 $295,000 $1,687 2.38%
Shawnee, OK (FHA|USDA|VA) 1 $295,000 $295,000 $712 2.88%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $285,000 $285,000 $1,868 2.75%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $285,000 $285,000 $2,108 3.38%
NILES, MI (FHA|USDA|VA) 1 $275,000 $275,000 $1,848 2.50%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $275,000 $275,000 $724 2.75%
Easton, MD (FHA|USDA|VA) 1 $275,000 $275,000 $1,090 3.00%
Baraboo, WI (FHA|USDA|VA) 1 $275,000 $275,000 $767 3.13%
WACO, TX (FHA|USDA|VA) 1 $275,000 $275,000 $3,057 2.38%
Aberdeen, WA (FHA|USDA|VA) 1 $265,000 $265,000 $5,720 2.63%
LEBANON, PA (FHA|USDA|VA) 1 $265,000 $265,000 $3,263 3.63%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $265,000 $265,000 $450 3.38%
Alexander City, AL (FHA|USDA|VA) 1 $265,000 $265,000 $1,363 2.63%
Alexandria, MN (FHA|USDA|VA) 1 $265,000 $265,000 $85 3.63%
MORGANTOWN, WV (FHA|USDA|VA) 1 $265,000 $265,000 $718 2.75%
The Dalles, OR (FHA|USDA|VA) 1 $255,000 $255,000 $1,395 2.63%
Holland, MI (FHA|USDA|VA) 1 $255,000 $255,000 $2,581 3.00%
Washington, NC (FHA|USDA|VA) 1 $245,000 $245,000 $450 3.50%
Traverse City, MI (FHA|USDA|VA) 1 $245,000 $245,000 $1,893 3.25%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $245,000 $245,000 $3,263 3.38%
SHEBOYGAN, WI (FHA|USDA|VA) 1 $235,000 $235,000 $0 2.88%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $235,000 $235,000 $1,058 2.75%
Crossville, TN (FHA|USDA|VA) 1 $235,000 $235,000 $1,677 2.75%
Susanville, CA (FHA|USDA|VA) 1 $235,000 $235,000 $2,939 3.00%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $235,000 $235,000 $1,910 3.38%
LEWISTON, ID-WA (FHA|USDA|VA) 1 $235,000 $235,000 $5,611 4.75%
Newport, OR (FHA|USDA|VA) 1 $235,000 $235,000 $2,748 2.88%
LAFAYETTE, LA (FHA|USDA|VA) 1 $235,000 $235,000 $2,722 3.25%
Los Alamos, NM (FHA|USDA|VA) 1 $225,000 $225,000 $3,368 2.75%
Fort Payne, AL (FHA|USDA|VA) 1 $225,000 $225,000 $741 3.13%
Payson, AZ (FHA|USDA|VA) 1 $225,000 $225,000 $695 3.00%
MOBILE, AL (FHA|USDA|VA) 1 $215,000 $215,000 $450 3.38%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $215,000 $215,000 $1,133 3.25%
Richmond-Berea, KY (FHA|USDA|VA) 1 $215,000 $215,000 $958 3.50%
FLINT, MI (FHA|USDA|VA) 1 $205,000 $205,000 $1,666 2.88%
Rockingham, NC (FHA|USDA|VA) 1 $195,000 $195,000 $1,447 3.38%
MUNCIE, IN (FHA|USDA|VA) 1 $195,000 $195,000 $1,696 3.38%
LAWRENCE, KS (FHA|USDA|VA) 1 $185,000 $185,000 $540 3.25%
BURLINGTON, NC (FHA|USDA|VA) 1 $185,000 $185,000 $3,133 3.25%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $185,000 $185,000 $1,230 4.63%
JACKSON, MS (FHA|USDA|VA) 1 $175,000 $175,000 $1,470 3.63%
Arcadia, FL (FHA|USDA|VA) 1 $175,000 $175,000 $2,051 3.25%
Starkville, MS (FHA|USDA|VA) 1 $175,000 $175,000 $2,428 2.88%
Winfield, KS (FHA|USDA|VA) 1 $165,000 $165,000 $1,580 3.50%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $165,000 $165,000 $1,822 3.75%
Gainesville, TX (FHA|USDA|VA) 1 $165,000 $165,000 $3,465 2.88%
PANAMA CITY, FL (FHA|USDA|VA) 1 $155,000 $155,000 $1,231 2.88%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $145,000 $145,000 $1,619 3.13%
Owatonna, MN (FHA|USDA|VA) 1 $145,000 $145,000 $670 3.13%
Strong Home Mortgage's top markets include Washington, Seattle, Los Angeles, San Francisco, and San Diego among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 11,144 $4,205,270,000 $377,357 $1,823 2.99%
    VA 457 $209,045,000 $457,429 $4,585 2.68%
    FHA 40 $14,880,000 $372,000 $7,364 3.13%
    USDA 1 $235,000 $235,000 $2,834 3.25%

    For 2020, Strong Home Mortgage's most frequently originated type of loan was Conventional, with 11,144 originations. Their 2nd most popular type was VA, with 457 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 8,088 $3,087,280,000 $381,711 $1,660 2.92%
    Cash Out Refi 2,534 $941,910,000 $371,709 $2,500 3.12%
    Home Purchase 1,020 $400,240,000 $392,392 $2,883 3.04%

    For 2020, Strong Home Mortgage's most frequently cited loan purpose was Refi, with 8,088 originations. The 2nd most popular reason was Cash Out Refi, with 2,534 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 9,147 $3,532,985,000 $386,245 $1,977 3.04%
    15 Year 1,731 $622,325,000 $359,518 $1,917 2.66%
    20 Year 567 $203,545,000 $358,986 $1,731 2.95%
    Other 149 $53,435,000 $358,624 $1,603 3.02%
    10 Year 48 $17,140,000 $357,083 $1,608 2.54%

    For 2020, Strong Home Mortgage's most frequently cited loan duration was 30 Year, with 9,147 originations. The 2nd most popular length was 15 Year, with 1,731 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 9,701 $3,705,295,000 $381,950
    $1k-2k 999 $357,515,000 $357,873
    $2k-3k 364 $132,260,000 $363,352
    $3k-4k 237 $85,395,000 $360,316
    $5k+ 228 $104,540,000 $458,509
    $4k-5k 113 $44,425,000 $393,142

    Strong Home Mortgage's average total fees were $1,977, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 9,701 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 6,013 $2,346,275,000 $390,200
    3-4% 4,074 $1,426,830,000 $350,228
    <2.5% 1,399 $615,135,000 $439,696
    4-5% 150 $39,300,000 $262,000
    5-6% 6 $1,890,000 $315,000

    During 2020, Strong Home Mortgage's average interest rate for loans was 3.04%, while their most frequently originated rate bucket for loans was 2.5-3%, with 6,013 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 5,919 $1,740,575,000 $294,066 $1,945 3.02%
    $400k-600k 4,419 $2,101,965,000 $475,665 $1,760 2.87%
    $600k-1MM 700 $479,810,000 $685,443 $2,985 2.92%
    $100k-200k 584 $99,650,000 $170,634 $2,118 3.40%
    $100,000 or less 15 $1,125,000 $75,000 $2,060 4.21%
    $1MM+ 5 $6,305,000 $1,261,000 $11,404 2.70%

    2020 saw Strong Home Mortgage place emphasis on $200k-400k loans with 5,919 originations, totaling $1,740,575,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 3,993 $1,502,895,000 $376,382 $1,897 2.99%
    $150k-250k 3,369 $1,463,715,000 $434,466 $1,896 2.92%
    $75k-100k 1,843 $587,925,000 $319,004 $1,948 3.05%
    $50k-75k 1,089 $294,295,000 $270,243 $1,940 3.11%
    $250k+ 833 $401,645,000 $482,167 $2,153 2.85%
    $50k or less 221 $47,805,000 $216,312 $2,020 3.21%

    Strong Home Mortgage lent most frequently to those with incomes in the $100k-150k range, with 3,993 originations. The second most popular income band? $150k-250k, with 3,369 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 3,557 $1,334,655,000 $375,219 $1,783 2.94%
    30-36% 2,307 $900,205,000 $390,206 $1,894 2.99%
    <20% 1,129 $383,005,000 $339,243 $1,733 2.91%
    39% 384 $149,120,000 $388,333 $1,916 3.03%
    44% 367 $143,915,000 $392,139 $2,279 3.02%
    38% 363 $139,795,000 $385,110 $1,899 3.01%
    36% 362 $143,620,000 $396,740 $2,050 2.98%
    37% 358 $140,030,000 $391,145 $1,826 3.00%
    40% 354 $133,420,000 $376,893 $1,916 3.08%
    42% 350 $136,260,000 $389,314 $2,133 3.02%
    41% 345 $129,615,000 $375,696 $2,272 3.02%
    43% 330 $124,640,000 $377,697 $2,207 3.09%
    45% 260 $101,910,000 $391,962 $2,196 3.05%
    46% 224 $87,420,000 $390,268 $2,051 3.09%
    49% 222 $85,200,000 $383,784 $2,317 3.08%
    48% 203 $74,045,000 $364,754 $2,166 3.08%
    47% 200 $77,550,000 $387,750 $2,228 3.05%
    50-60% 45 $18,565,000 $412,556 $5,292 3.13%

    Strong Home Mortgage lent most frequently to those with DTI ratios of 20-30%, with 3,557 originations. The next most common DTI ratio? 30-36%, with 2,307 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 6,507 $2,388,585,000 $367,079 $1,931 3.01%
    Not provided 3,071 $1,202,095,000 $391,434 $2,031 2.96%
    Asian 1,652 $680,920,000 $412,179 $1,792 2.89%
    Black 209 $78,045,000 $373,421 $2,734 3.02%
    Asian Indian 110 $45,660,000 $415,091 $1,731 2.87%
    American Indian 37 $13,415,000 $362,568 $2,080 3.09%
    Other Asian 25 $8,915,000 $356,600 $1,530 2.89%
    Native Hawaiian or Islander 11 $4,145,000 $376,818 $1,840 3.12%
    Filipino 6 $2,330,000 $388,333 $2,179 3.10%
    Vietnamese 5 $1,865,000 $373,000 $2,396 2.82%
    Chinese 4 $1,770,000 $442,500 $1,639 3.00%
    Japanese 2 $770,000 $385,000 $657 3.00%
    Korean 2 $650,000 $325,000 $1,735 3.00%
    Other Pacific Islander 1 $265,000 $265,000 $7,459 3.25%

    Approval Rates

    Total approvals of all applications
    97.10%

    Strong Home Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    48.57%

    Strong Home Mortgage has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 11,642 $4,429,430,000 $380,470

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 11,642 $4,429,430,000 $380,470

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 629 $208,275,000 $331,121 $1,847 2.88%
    40-60% 3,464 $1,293,310,000 $373,357 $1,626 2.88%
    60-80% 5,734 $2,211,450,000 $385,673 $1,945 3.03%
    80-100% 1,766 $697,720,000 $395,085 $2,535 3.05%
    Over 100% 15 $6,035,000 $402,333 $13,780 2.78%
    Under 20% 34 $12,640,000 $371,765 $2,176 2.94%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    SOUTHERN TRUST MORTGAGE LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 100.0%